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MKRUSD trade ideas

MKR.usd holding strong but must break $3100 for bulls to rejoiceMKR has been holing the high ground despite market retrace. Current testing a key resistance that will determine the trend. Rejection could send us much lower, break could mark bottom in. $ 3097.80 - 3134.35 is the immediate resistance to break. $ 2813.57 - 2843.65 is immediate support and a must hold. $ 3388.32 - 3413.60 is bears' last stand to deny "bottom in". =========================================================== .
COINBASE:MKRUSD
by EuroMotif
MKRUSD Channel Up top hit. Pull-back expected.We last looked into Maker (MKRUSD) 4 months ago (see chart below) where we called for a buy that eventually hit our 1600 target: This time we are making a sell call as the price hit the top of the 5-month Channel Up. Our target is just above the 0.618 Fibonacci retracement level at 1500, which has been the pull-back level of the last two medium-term corrections within the Channel. It is likely that the market tests the 1D MA200 (orange trend-line) there, before it rebounds aggressively for the 2024 parabolic rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MKRUSDShort
by TradingShot
Can $MKR Continue its Upward Trend MKR has appreciated by 28% since December 19, yet it remains significantly below its ATH. Given BTC's stable performance and a lack of major negative market influences, MKR's growth prospects appear strong. The current key resistance level for ASX:MKR is at $1633. Surpassing this could accelerate Maker's upward momentum, possibly leading to a new high near $1770. Should a correction occur, ASX:MKR might retreat to support zones at $1526-$1573, $1489, and $1397-$1442, with a further support level at $1362 being tested only if Bitcoin dips to $38,000. The price has broken through the ceiling at $1551 of a rectangle pattern. A decisive break will signal a further rise to $1817 or more. The currency has broken up through resistance at points 1570. This predicts a further rise. In case of negative reactions, there will now be support at points 1570. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend.
COINBASE:MKRUSDLong
by DEXWireNews
Maker's journey till now!Maker's journey till now The Maker token has been a stellar performer since its debut in 2017. Hitting the markets at ~$20, the initial listing sparked a year-long rally, soaring to ~$1,750, delivering an astounding 8000% return on investment! After reaching its peak in Jan '18, Maker underwent a necessary correction lasting two and a half years until Mar '20 making a low at ~$180. During this phase, the token experienced a substantial ~90% correction while concurrently initiating a parallel channel in Jan '18, following its peak at ~$1,750. Emerging from this corrective phase, Maker embarked on a remarkable rally in Mar '20, finding support from the parallel channel and surging an impressive ~3300%, ultimately peaking in May '21 at ~$6,350 after facing resistance from the parallel channel. Entering the second corrective phase in May'21, the token corrected another ~92%, bottoming out at ~$495 in Jun '23. However, Maker, resilient as ever, rebounded after making contact with the parallel channel in Jun '23, initiating a new rally that has seen a remarkable ~200% increase in just six months. As Maker charts its course, the next hurdle lies at ~$1,630. The journey continues, and Maker enthusiasts are eager to see where this impressive token will head next!
CRYPTO:MKRUSD
by aryan_chandel_tanx
Maker ($MKR) Can it Maintain it Growth Trajectory. Maker exhibits a continuing upward trend, moving fluidly with occasional technical corrections and brief pullbacks. Currently, Maker is nearing the resistance zone between $1,568 and $1,637, coinciding with the asset's yearly high. The primary objective for MKR now is to maintain its growth trajectory. Should buyers manage to break through the aforementioned resistance range expeditiously, MKR could potentially reach and stabilize around the $1,700 and $1,750 marks. This would likely be followed by a period of further temporary consolidation. The MKR price movement is still closely linked with the BTC performance. Therefore, any downward shift in BTC's chart could similarly impact Maker. In such a scenario, MKR may test its support zone at $1,370-$1,435 and could even drop back into the buying range of $1,212-$1,272. In the event of a deeper correction, MKR might be driven to test the buyer level around $1,130.
COINBASE:MKRUSDLong
by DEXWireNews